Ceramic Matrix Composites Market In US 2024-2028
The ceramic matrix composites market in US is forecasted to grow by USD 1251.87 mn during 2023-2028, accelerating at a CAGR of 11.08% during the forecast period. The report on the ceramic matrix composites market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government initiatives and funding, technological advancements in manufacturing processes, and growing demand for energy efficient system.
Technavio's ceramic matrix composites market in US is segmented as below:
By Application
- Aerospace and defense
- Automotive
- Power and energy
- Others
By Product
- Oxide
- Silicon carbide
- Carbon
By Type
This study identifies the emergence of new applications as one of the prime reasons driving the ceramic matrix composites market in US growth during the next few years. Also, growing adoption in automotive industry and integration of ceramic matrix composites into additive manufacturing processes will lead to sizable demand in the market.
The report on the ceramic matrix composites market in US covers the following areas:
- Ceramic matrix composites market in US sizing
- Ceramic matrix composites market in US forecast
- Ceramic matrix composites market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ceramic matrix composites market in US vendors that include 3M Co., applied thin films inc., Axiom Materials, CeramTec GmbH, COIC, Compagnie de Saint Gobain, CoorsTek Inc., General Electric Co., Kyocera Corp., LANCER SYSTEMS, Rolls Royce Holdings Plc, Safran SA, SGL Carbon SE, Spirit AeroSystems Inc., Starfire Systems Inc., Ube Corp., and Ultramet. Also, the ceramic matrix composites market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.